ArbiLayer

NIGHT arbitrage

live

Live Midnight price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread-0.05%Binance → KuCoin · Perp–Perp
Best perp–perp spread+0.11%Binance → KuCoin
Markets tracked158 venues · 8 perp · 7 spot · 0 DEX
Price range0.20%$0.0476 – $0.0477

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinance$0.0476KuCoin logoKuCoin$0.0477 +0.11%-0.05% +0.11%— 0.000%— LS Chart →
MEXC logoMEXC$0.0476KuCoin logoKuCoin$0.0477 +0.11%-0.05% +0.10%— -0.047%— LS Chart →
Bybit logoBybit$0.0476KuCoin logoKuCoin$0.0477 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
OKX logoOKX$0.0477KuCoin logoKuCoin$0.0477 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Binance logoBinance$0.0476OKX logoOKX$0.0476 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
MEXC logoMEXC$0.0476OKX logoOKX$0.0476 +0.04%-0.12% +0.04%— -0.047%— LS Chart →
Aster logoAster$0.0477KuCoin logoKuCoin$0.0477 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Binance logoBinance$0.0476Aster logoAster$0.0476 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
MEXC logoMEXC$0.0476Aster logoAster$0.0476 +0.02%-0.14% +0.01%— -0.047%— LS Chart →
Bitget logoBitget$0.0477KuCoin logoKuCoin$0.0477 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Bybit logoBybit$0.0476OKX logoOKX$0.0476 +0.00%-0.16% +0.00%— 0.000%— LS Chart →
Gate logoGate$0.0476OKX logoOKX$0.0476 +0.00%-0.16% -0.00%— +0.003%— LS Chart →
Binance logoBinance$0.0476Bitget logoBitget$0.0476 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$0.0476Gate logoGate$0.0476 0.00%-0.16% +0.00%— -0.003%— LS Chart →
MEXC logoMEXC$0.0476Bitget logoBitget$0.0476 0.00%-0.16% -0.01%— -0.047%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

NIGHT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · NIGHTUSDTMPerpetual $0.0477$0.0477$0.0477+0.08% +0.030%$26.45M
OKX logoOKXPerpetual · NIGHT-USDT-SWAPPerpetual $0.0476$0.0477$0.04760.00% +0.030%$21.97M
Bybit logoBybitPerpetual · NIGHTUSDTPerpetual $0.0476$0.0476$0.0476-0.04% +0.030%$4.19M
OKX logoOKXSpot · NIGHT-USDTSpot $0.0477$0.0477$0.0477+0.09% —$3.30M
Gate logoGateSpot · NIGHT_USDTSpot $0.0476$0.0477$0.0477+0.02% —$2.93M
MEXC logoMEXCPerpetual · NIGHT_USDTPerpetual $0.0476$0.0476$0.0476-0.07% +0.077%$2.89M
Gate logoGatePerpetual · NIGHT_USDTPerpetual $0.0476$0.0476$0.0476-0.03% +0.027%$2.24M
Bybit logoBybitSpot · NIGHTUSDTSpot $0.0477$0.0477$0.0477+0.08% —$2.18M
Bitget logoBitgetPerpetual · NIGHTUSDTPerpetual $0.0476$0.0477$0.0476-0.00% +0.030%$1.87M
KuCoin logoKuCoinSpot · NIGHT-USDTSpot $0.0477$0.0477$0.0477+0.07% —$1.58M
Bitget logoBitgetSpot · NIGHTUSDTSpot $0.0476$0.0476$0.0476-0.11% —$444.1K
Binance logoBinancePerpetual · NIGHTUSDTPerpetual $0.0476$0.0476$0.0476-0.07% +0.030%—
Aster logoAsterPerpetual · NIGHTUSDTPerpetual $0.0476$0.0477$0.0476-0.00% +0.030%—
Binance logoBinanceSpot · NIGHTUSDTSpot $0.0477$0.0477$0.0477+0.07% ——
MEXC logoMEXCSpot · NIGHTUSDTSpot $0.0477$0.0477$0.0477+0.07% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

NIGHT arbitrage explained

Right now Midnight (NIGHT) trades on 8 venues we scan: 8 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.0476 and the highest bid on OKX spot at $0.0477.

The widest NIGHT perpetual spread is between Binance and KuCoin: long NIGHT on Binance at $0.0476 and short on KuCoin at $0.0477 for +0.11% gross, or -0.05% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is 0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best NIGHT route is to buy spot on Bitget and short the perpetual on KuCoin: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.

Spot–spot NIGHT arbitrage (buy on Bitget, withdraw, deposit and sell on OKX) shows +0.15% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small NIGHT gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: NIGHT funding rates · NIGHT spread charts · Midnight price · arbitrage scanner for all coins.

Is there a NIGHT arbitrage opportunity right now?

The best NIGHT route right now is to buy on Binance → sell on KuCoin (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest NIGHT?

Bitget (spot) has the lowest NIGHT ask at $0.0476, and OKX (spot) the highest bid at $0.0477. Prices update every 15 seconds on this page.

How many exchanges list NIGHT?

ArbiLayer tracks 15 NIGHT markets on 8 venues: 8 perpetual, 7 spot and 0 DEX pools.

How do I arbitrage NIGHT without transferring coins?

Use two perpetual contracts: go long NIGHT on the cheaper exchange (Binance now) and short it on the more expensive one (KuCoin), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

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